Price Action Report: Is Model N Inc a Sell? The Stock Declines Again

Price Action Report: Is Model N Inc a Sell? The Stock Declines Again

The stock of Model N Inc (NYSE:MODN) is a huge mover today! About 572,942 shares traded hands or 678.89% up from the average. Model N Inc (NYSE:MODN) has declined 5.87% since April 5, 2016 and is downtrending. It has underperformed by 7.82% the S&P500.
The move comes after 7 months negative chart setup for the $220.46M company. It was reported on Nov, 8 by Barchart.com. We have $7.07 PT which if reached, will make NYSE:MODN worth $22.05M less.

Analysts await Model N Inc (NYSE:MODN) to report earnings on November, 14. They expect $-0.25 earnings per share, down 38.89% or $0.07 from last year’s $-0.18 per share. After $-0.29 actual earnings per share reported by Model N Inc for the previous quarter, Wall Street now forecasts -13.79% EPS growth.

Model N Inc (NYSE:MODN) Ratings Coverage

Out of 3 analysts covering Model N Inc (NYSE:MODN), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Model N Inc has been the topic of 3 analyst reports since February 16, 2016 according to StockzIntelligence Inc. The company was initiated on Tuesday, February 16 by Craig Hallum. Deutsche Bank maintained Model N Inc (NYSE:MODN) rating on Tuesday, August 9. Deutsche Bank has “Buy” rating and $16 price target. The firm earned “Market Perform” rating on Tuesday, August 9 by JMP Securities.

According to Zacks Investment Research, “Model N, Inc. provides revenue management solutions for the life science and technology industries. It develops applications, such as managed care and government pricing for life science companies; and channel incentives based on design wins for technology companies. In addition, it offers implementation, managed, strategic, and customer support services. Model N, Inc. is headquartered in Redwood Shores, California.”

Insitutional Activity: The institutional sentiment increased to 2.65 in 2016 Q2. Its up 1.58, from 1.07 in 2016Q1. The ratio is positive, as 3 funds sold all Model N Inc shares owned while 14 reduced positions. 18 funds bought stakes while 27 increased positions. They now own 18.10 million shares or 3.33% more from 17.52 million shares in 2016Q1.
Manufacturers Life Insur The last reported 0% of its portfolio in the stock. Barclays Public Limited, a United Kingdom-based fund reported 1,668 shares. California State Teachers Retirement Sys last reported 0% of its portfolio in the stock. Teachers Advsr Incorporated, a New York-based fund reported 33,699 shares. Moreover, D E Shaw And Company has 0.01% invested in Model N Inc (NYSE:MODN) for 216,293 shares. Vanguard Inc, a Pennsylvania-based fund reported 843,969 shares. Highbridge Cap Management Llc last reported 20,599 shares in the company. Eam Invsts Limited Liability Company has invested 0.38% of its portfolio in Model N Inc (NYSE:MODN). Thomson Horstmann Bryant reported 61,559 shares or 0.11% of all its holdings. Bank & Trust Of Montreal Can accumulated 0% or 1,931 shares. Parametric Port Limited Liability Company holds 0% of its portfolio in Model N Inc (NYSE:MODN) for 24,044 shares. The California-based Clarivest Asset Limited Co has invested 0% in Model N Inc (NYSE:MODN). State Street accumulated 0% or 301,327 shares. Rhumbline Advisers accumulated 21,395 shares or 0% of the stock. State Bank Of New York Mellon Corp reported 85,865 shares or 0% of all its holdings.

Insider Transactions: Since May 17, 2016, the stock had 0 buys, and 2 sales for $152,365 net activity. $109,596 worth of Model N Inc (NYSE:MODN) was sold by Tisdel Mark on Tuesday, May 17. Carrasquilla Eric sold 4,031 shares worth $42,769.

More news for Model N Inc (NYSE:MODN) were recently published by: Businesswire.com, which released: “Model N Announces Fourth Quarter and Fiscal Year 2015 Financial Results” on November 09, 2015. Businesswire.com‘s article titled: “Model N Welcomes Eric Carrasquilla to Executive Team as Senior Vice President …” and published on August 10, 2015 is yet another important article.

MODN Company Profile

Model N, Inc., incorporated on December 14, 1999, is a well-known provider of revenue management cloud solutions for life science and technology companies. The Company’s solutions enable its clients to manage revenue compliance risk. The Company’s solutions include Revenue Enterprise Cloud, Revenue Intelligence Cloud and Revvy. The Firm provides solutions that span the organizational and operational boundaries of functions, such as sales, marketing and finance, and serve as a system of record for revenue management processes, including pricing, contracts, rebates, incentives and regulatory compliance. The Company’s application suites are designed to work with enterprise resource planning (ERP) and customer relationship management (CRM) applications. The Company’s applications also provide clients predictive revenue insight, optimization of sales and marketing investments and offers, and customer profitability intelligence. The Firm also offers implementation services, managed services, strategic services and customer support.

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